Loading ...I remember the 83/1 which were about there now. Converters are mostly Platinum and Palladium. But with the gov trying to push us into a recession and maybe depression new cars will be too expensive of a gamble and thus goes everything in it that’s made for them.
Tech uses gold and silver more in computers but we have supply issues and they’ve been over played due to Covid.
The market with the Fed interest rates and gov unqualified people running things is pulling everything down with it right now except the dollar.
Listening to Richard’s ??? in between multi tasking on that video below gave a interesting bit of info. That they want to discourage buying gold which he thinks is a good idea to buy, because it’s helping Putin’s Ruble. When gold goes up so does the ruble. I know he’s the messenger but I’m thinking they always have to have a excuse to depress gold over the fiat don’t they. He goes on to say the problem for the dollar is they have caused lack of confidence in it because of freezing accounts and sanctions over using it as a weapon. He goes on to say why no other currency would be sufficient either so there will be a move into G/S. He moved up the price to 15,000 to 40,000. He explained the reason being is that as it moves higher the percentage is smaller ie a 1000 move from 1500 to 2500 or 2-3 K is a big percentage where 7-8k is much less percentage wise.
So once it gets going 1000 moves won’t be as big of a deal like now.
Orrrr it’s just another carrot on a stick lol It does make sense but what will be the significance to the currencies at that point?